Dec 4, 2012 11:00pm EST
must avoid driving our country over the fiscal cliff. no partisan ideology is worth the cost of our nation. just averting the disaster and kicking the can on the structural decisions needed to place our economy on a sound footing of the future is not enough. we are calling for a framework over the next 10 years to reduce the deficit and restructure the fiscal policy. so is eventually to bring the budget into balance. this framework must include tax reforms to raise more revenues and encourage growth and enhance productivity. it must include parameters defined in future levels of debt as a share of the gdp. it must include changes to discretionary spending and entitlements as well as defense. our elected leaders should launch legislation that will construct this framework and 2013. including powerful but appropriate default of enforcement mechanisms. without a recalibrated unsustainable fiscal policy, the united states international standing will decline in the national security will be undermined. such an outcome would be bad for the united states, and it could be bad for the world.